All categories

3 years ago

For each of the following item below, indicate to which category of elements of financial statements it belongs.

Business

1 answer:

sergiy2304 [10]3 years ago

7 0

Answer:

Explanation:

As we know that

The statement of stockholder's equity includes common stock and retained earnings.

The net income is a difference between the total revenues and total expenses

The assets, liabilities and stockholders ' equity are reported in the balance sheet

So, the categorization is shown below:

a. Retained earnings = Equity

b. Sales = Revenues and shown in the income statement

c. Additional paid-in capital = Equity

d. Inventory = Current assets

e. Depreciation = Expense and shown in the income statement

f. Loss on Sale of equipment = Losses

g. Interest payable = Current liabilities

h. Dividends = Shown in the retained earning statement in a negative amount

i. Gain on sale of investment = Gains

j. Issuance of common stock = Owners investment

You might be interested in

The marketing manager argues that a $5,000 increase in the monthly advertising budget would increase monthly sales by $9,000. ca

Anna35 [415]

Increase in CM 9,000

Less: Increase in FE 5,000

Change in Net Operating Income

3 0

4 years ago

Prepaid expenses, depreciation, accrued expenses, unearned revenues, and accrued revenues are all examples of:__________________

HACTEHA [7]

Answer:

The correct answer is

B) Items that require adjusting entries.

good luck ❤

3 0

3 years ago

what are some advice you would tell a friend or family member about managing their own money? is the advice that follow yourself

Jobisdone [24]

Answer: I would speak to my friend or family member about the importance of saving.

Explanation:

The conversation would be about how to save since many times people tend to buy and spend on many things and do not think long term. They think that money will always be there and that the bad times will never come. When we think of saving as something fundamental, we are thinking of our future, of having security.

is the advice that follow yourself?

This kind of advice and talk about money is something I apply to myself and have done for many years. I understand the importance of saving and try to be someone who puts what he preaches into practice.

why or why not?

For many years I have thought about the importance of saving. Before he was a person who spent and did not think about the future. Nowadays I put this advice into practice as I know how important it is to have money saved, which can be used for any emergency that arises. Saving money is something for wise people, it helps to have something to lean on. I always carry this financial advice with me, apply it to the measure and try to teach it to the people around me

8 0

3 years ago

An estimated three-quarters of what product sold in naples originate in the black market?

Ivanshal [37]

<span>This is because the tax on a carton of cigarette is about $10plus. It used to be $3plus before the Obama administration and when the cost of tax is added to the sales price, it makes it more expensive for the average consumer, however, black market sellers usually avoid paying taxes thats why it is black market.</span>

7 0

3 years ago

The type of deafness sometimes associated with balance problems is

neonofarm [45]

Hi! The answer is sensorinueral hearing loss

7 0

4 years ago